6.3 Analysis of the cold atmosphere in the crypto market, has the overall market bottomed out, will it continue to strengthen?
This morning, Trump spoke again, extending tariffs on China until August, and the market began to rise in response. Currently, Trump's statements have a significant impact on the market; the influence will lessen once the tariffs are fully established.
I believe this round of the upward trend is far from over. This pullback is mainly to liquidate long leverage, as many whales cut losses last week.
BTC and ETH have both bottomed out thanks to Trump's news, and the next move can be to buy on the dip. Short-term support level: 105800, short-term resistance level: 106500. Be sure to set stop-losses. ETH will continue to strengthen, and Pepe is strongly correlated with Ethereum, so it can be held.
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